[Funder Mark]

So this guy reached out to me this morning, wants me to send him some deals, have his cell and website at the bottom

iso backdoor 1.PNGiso backdoor 2.PNGiso backdoor 3.PNGiso backdoor 4.PNGiso backdoor 5.PNGiso backdoor 6.PNG

[Kevin Henry-Seacoast]

Yikes!

[Funder Mark]

joshua jacobs linkedin profile.PNGhttps://www.linkedin.com/in/joshua-jacobs1/

[Michael I]

wow what a scumbag

[moneypenny1]

ouch

[Funder Mark]

Either we clean up the industry from the inside, or "someone" will try to fix it from the outside

[Kevin Henry-Seacoast]

I put a note in our system in case he ever calls our firm.

[Clark Sica]

Same here, thanks for the heads up!

[Sachip24]

wow

[WestCoastFunding]

Holy ****.

I wonder how prevalent this is.

[Cashman1]

Holy ****.

I wonder how prevalent this is.

Every funder!

[Michael I]

Holy ****.

I wonder how prevalent this is.

its a lot more than you think ,because even the honest companies can have one bad employee doing it.

How many of you were offered the hard drive of a funders full database a couple of years ago?

[sbuda150]

Wish you baited him a bit more to find out which funders he's doing this with... Obviously everyone knows this happens in the industry given that everyone's merchants start getting inundated with calls after a file is submitted to funders. But soliciting backdoor relationships through a cold linkedin reach out is stupid. My guess is that you need to have some sort of personal / strong connection to get that done, not a cold call

Thanks for the call out though. Very needed in this industry

[Kevin Henry-Seacoast]

All companies in financial services should have outside business disclosure rules for all employees. All employees should disclose any and all companies owned by them, spouses, and immediate family members that could cause a conflict of interest. Financial reporting and compliance audits on related companies should be conducted on a regular basis.

Every firm I have ever worked for, owned, or managed has done this. If any employee was caught "steeling" business from the firm they were immediately terminated, charges brought against them, an reported to industry associations.

[Akanner]

All companies in financial services should have outside business disclosure rules for all employees. All employees should disclose any and all companies owned by them, spouses, and immediate family members that could cause a conflict of interest. Financial reporting and compliance audits on related companies should be conducted on a regular basis.

Every firm I have ever worked for, owned, or managed has done this. If any employee was caught "steeling" business from the firm they were immediately terminated, charges brought against them, an reported to industry associations.

Definitely a good start to see what conflicts of interest your employees and arms-length relatives have but how can you safeguard against random solicitation like this?

I have had many people ask me what I do with my old declines, but no one has been brazen enough to tell me that they want to cut the broker out to my face.

[Kevin Henry-Seacoast]

Definitely a good start to see what conflicts of interest your employees and arms-length relatives have but how can you safeguard against random solicitation like this?

I have had many people ask me what I do with my old declines, but no one has been brazen enough to tell me that they want to cut the broker out to my face.

It is really simple. Hire the right employees and conduct proper surveillance of their activities. If an employee goes off the reservation, terminate them immediately.

[Akanner]

It is really simple. Hire the right employees and conduct proper surveillance of their activities. If an employee goes off the reservation, terminate them immediately.

A bit easier said than done, but yes, I totally agree.

[MCA]

He already took down his linkedin profile. Only 3 others that work for that company have LKD profiles


Jake Scannell
Chief Operating Officer at Creative Capital Solutions
Greater New York City Area


Anthony Cueto
Chief Lending Officer at Creative Capital Solutions
Greater New York City Area

Vincent Durante
Funding Specialist at Creative Capital Solutions
Greater New York City Area

[MCN]

WOW. Thank you for posting this! Seriosuly your doing a big favor to all of us. We need to weed these scumbags out

[Rickinindy]

What a douche bag, Don't let him come to Indiana and try that stuff with any of our guys out here, they become farm pig food real quick for lesser things...

[JTS-MCA]

Anyone text or call him?!

[Michael I]

Anyone text or call him?!

i am sure every iso rep on this site to sign him up for deal flow

[DTFdowntofund]

I cannot count how many times I've been approached with this. Comes with the territory.